FOMO
Why fear of missing out is so powerful?
Published in
Dec 24, 2020
I’ve been in a position where I’ve recently bought Apple stock at such a high price of $260. The reason I bought was simple, I was willing to pay a higher price so that I do not miss the fun. This phenomenon is called Fear of Missing Out or FOMO in short.
Control your fears
There are so many reasons why people panic buy and sell or panic in general regarding anything. They do not want to miss. The crowd mentality takes over them and they either opt out of the cult or they feel left out of the cult.
